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What is a residuary legacy?

April 26, 2017legacy residuary

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What is a residuary legacy?

1 Answer

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10 Posted

A residuary legacy is a gift of the remainder of your estate, or a percentage, after all other legacies have been made and debts have been cleared. Residuary legacies keep pace with inflation and are an effective way to divide the value of an estate between a number of people and causes.